"looking weaker. buy sell ratio not getting any better."
On the contrary, technically this is still looking ok......
Its been on a constant increase over the last 12 months, albeit steadily, where most gold stocks have taken a hammering, have a look at the chart differences between MML and MLX.
Mlx has been on the rise for the past 12 months where MML has continued its fall from 8.30 and still hasnt reversed, even though some say that it is heading UP.
Mlx has only recently broken through resistance at 26 to a high of 28, so sitting at 26 at the moment on low volume doesnt really mean much.
Try not to use buy/sell ratio as a guide of weakness, weekly chart still looking good
Cheers
MLX Price at posting:
26.5¢ Sentiment: None Disclosure: Not Held
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